OpenAI has raised $110 billion in a deal that values the startup at $730 billion, representing the ChatGPT maker's largest funding round to date and bolstering its costly push to secure more computing power and talent for AI development.
What would have been a moment of united commitment to global tech innovation at the ongoing India AI Impact Summit instead proved an awkward one: When Prime Minister Narendra Modi prompted speakers at the event to join hands and raise them in a show of solidarity, all executives on stage obliged - except OpenAI's Sam Altman and Anthropic's Dario Amodei, who held their hands noticeably apart.
The agreement, pending approval by Judge James Donato, builds on a prior injunction that required Google to allow rival app stores within its Play Store and prohibited the mandatory use of Google Play Billing. While those earlier measures were limited to the US and set to expire after three years, the new proposal extends globally through June 2032 and introduces a framework for "Registered App Stores" with reduced fees and easier installation.
This article will be updated throughout the day, so check back often for more daily updates. Federal Reserve Chairman Jerome Powell is scheduled to give a speech at the Fed's Jackson Hole conference later Friday. Investors are all ears, and cautiously optimistic Powell might say something positive, and the Vanguard S&P 500 ETF ( NYSEMKT: VOO) is edging up 0.3% premarket in anticipation of that.
Recently, tech companies, data center developers, and investors have been warming to the technology. Geothermal can generate electricity around the clock without producing emissions, an appealing combination to hyperscalers.